Product Code: GVR-4-68040-522-9
Volumetric Construction Market Growth and Trends:
The global volumetric construction market size is anticipated to reach USD 53.34 billion by 2030 and is anticipated to grow at a CAGR of 8.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The global volumetric construction market is primarily driven by the increasing demand for cost-effective and time-efficient building solutions across residential, commercial, and industrial sectors. Unlike traditional construction methods, volumetric construction allows for the off-site manufacturing of complete building modules, which are then transported and assembled on-site. This approach significantly reduces labor costs, construction time, and material waste, making it an attractive solution in regions facing labor shortages and rising raw material costs.
Additionally, the growing emphasis on urbanization and smart city development has fueled the adoption of volumetric construction, particularly in high-density areas where rapid housing solutions are needed.
The rising focus on sustainability and green building practices is another key factor propelling the volumetric construction market. Off-site construction enables better control over material usage, energy efficiency, and waste management, leading to a lower carbon footprint compared to conventional construction methods.
Governments and regulatory bodies worldwide are increasingly promoting eco-friendly construction practices through incentives and stringent environmental regulations. Volumetric construction aligns with these sustainability goals by incorporating energy-efficient designs, recyclable materials, and reduced site disruption, making it a preferred choice for environmentally conscious developers and policymakers.
Technological advancements in modular construction techniques are further driving market growth, enabling the development of more customized, high-quality, and durable structures. Innovations such as Building Information Modeling (BIM), automation, and 3D printing have enhanced the precision and efficiency of volumetric construction, reducing design errors and improving project execution. Additionally, the integration of smart building technologies, including IoT-enabled systems and prefabricated MEP (mechanical, electrical, and plumbing) solutions, has expanded the applicability of volumetric construction across various industries, including healthcare, education, and hospitality.
Volumetric Construction Market Report Highlights:
- Based on product, the permanent segment held the largest revenue share of 63.3% in 2024, driven by the growing demand for long-term, high-quality modular structures across various sectors, including residential, commercial, healthcare, and education.
- Based on end use, the residential segment led the market and accounted for the largest revenue share of 54.0% in 2024, driven by the growing demand for affordable, high-quality, and rapidly constructed housing solutions.
- Based on region, the Europe volumetric construction market was the largest segment in 2024, valued at USD 15.27 billion in the global market, driven by the region's strong emphasis on sustainability, rapid urbanization, and advancements in off-site construction technology.
- In July 2024, InstaBuilt announced the launch of its panelized and volumetric housing solutions in the U.S. market, marking a significant advancement in the volumetric construction industry. With a focus on affordable, energy-efficient, and rapid construction, InstaBuilt's innovative approach integrates prefabricated panelized and fully volumetric modules to streamline the building process, reducing labor costs and construction timelines. The company's expansion aligns with the growing demand for sustainable and scalable housing solutions, particularly in urban and disaster-relief housing projects.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2024 (USD Billion)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Volumetric Construction Market Variables, Trends & Scope
- 3.1. Market Lineage/Ancillary Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Regulatory Framework
- 3.3.1. Analyst Perspective
- 3.3.2. Regulations & Standards
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Opportunities
- 3.4.4. Industry Challenges
- 3.5. Business Environmental Tools Analysis: Volumetric Construction Market
- 3.5.1. Porter's Five Forces Analysis
- 3.5.1.1. Bargaining Power of Suppliers
- 3.5.1.2. Bargaining Power of Buyers
- 3.5.1.3. Threat of Substitution
- 3.5.1.4. Threat of New Entrants
- 3.5.1.5. Competitive Rivalry
- 3.5.2. PESTLE Analysis
- 3.5.2.1. Political Landscape
- 3.5.2.2. Economic Landscape
- 3.5.2.3. Social Landscape
- 3.5.2.4. Technology Landscape
- 3.5.2.5. Environmental Landscape
- 3.5.2.6. Legal Landscape
- 3.6. Market Disruption Analysis
Chapter 4. Volumetric Construction Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Movement Analysis & Market Share, 2024 & 2030
- 4.3. Global Volumetric Construction Market By Product, 2018 - 2030 (USD Million)
- 4.4. Relocatable
- 4.4.1. Volumetric Construction Market Estimates And Forecasts, by Relocatable 2018 - 2030 (USD Million)
- 4.5. Permanent
- 4.5.1. Volumetric Construction Market Estimates And Forecasts, by Permanent, 2018 - 2030 (USD Million)
Chapter 5. Volumetric Construction Market: End Use Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Product Movement Analysis & Market Share, 2024 & 2030
- 5.3. Global Volumetric Construction Market By End Use, 2018 - 2030 (USD Million)
- 5.4. Residential
- 5.4.1. Volumetric Construction Market Estimates And Forecasts, by Residential, 2018 - 2030 (USD Million)
- 5.5. Commercial
- 5.5.1. Volumetric Construction Market Estimates And Forecasts, by Commercial, 2018 - 2030 (USD Million)
- 5.6. Student Housing
- 5.6.1. Volumetric Construction Market Estimates And Forecasts, by Student Housing, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Volumetric Construction Market Estimates And Forecasts, by Others, 2018 - (USD Million)
Chapter 6. Volumetric Construction Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Market Share Analysis, 2024 & 2030
- 6.3. North America
- 6.3.1. North America Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. North America Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.3.3. North America Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.3.4. U.S.
- 6.3.4.1. U.S. Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2. U.S. Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.3.4.3. U.S. Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.3.5. Canada
- 6.3.5.1. Canada Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3.5.2. Canada Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.3.5.3. Canada Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.3.6. Mexico
- 6.3.6.1. Mexico Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3.6.2. Mexico Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.3.6.3. Mexico Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Europe Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Europe Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.4.3. Europe Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.4.4. Germany
- 6.4.4.1. Germany Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4.4.2. Germany Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.4.4.3. Germany Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.4.5. UK
- 6.4.5.1. UK Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4.5.2. UK Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.4.5.3. UK Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.4.6. France
- 6.4.6.1. France Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4.6.2. France Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.4.6.3. France Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.4.7. Italy
- 6.4.7.1. Italy Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4.7.2. Italy Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.4.7.3. Italy Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Asia Pacific Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.5.3. Asia Pacific Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.5.4. China
- 6.5.4.1. China Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.5.4.2. China Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.5.4.3. China Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.5.5. India
- 6.5.5.1. India Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.5.5.2. India Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.5.5.3. India Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.5.6. Japan
- 6.5.6.1. Japan Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.5.6.2. Japan Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.5.6.3. Japan Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.5.7. Australia
- 6.5.7.1. Australia Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.5.7.2. Australia Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.5.7.3. Australia Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.6. Central & South America
- 6.6.1. Central & South America Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Central & South America Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.6.3. Central & South America Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Middle East & Africa Volumetric Construction Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.7.2. Middle East & Africa Volumetric Construction Market Estimates And Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.7.3. Middle East & Africa Volumetric Construction Market Estimates And Forecasts, By End Use, 2018 - 2030 (USD Million)
Chapter 7. Supplier Intelligence
- 7.1.1. Kraljic Matrix
- 7.1.2. Engagement Model
- 7.1.3. Negotiation Strategies
- 7.1.4. Sourcing Best Practices
- 7.1.5. Vendor Selection Criteria
Chapter 8. Competitive Landscape
- 8.1. Key Players, their Recent Developments, and their Impact on Industry
- 8.2. Competition Categorization
- 8.3. Company Market Position Analysis
- 8.4. Company Heat Map Analysis
- 8.5. Strategy Mapping, 2024
- 8.6. Company Listing
- 8.6.1. Guerdon, LLC
- 8.6.1.1. Company Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Application Benchmarking
- 8.6.1.4. Strategic Initiatives
- 8.6.2. Synergy, Inc.
- 8.6.2.1. Company Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Application Benchmarking
- 8.6.2.4. Strategic Initiatives
- 8.6.3. The Boldt Company
- 8.6.3.1. Company Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Application Benchmarking
- 8.6.3.4. Strategic Initiatives
- 8.6.4. DMD Modular p.s.a
- 8.6.4.1. Company Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Application Benchmarking
- 8.6.4.4. Strategic Initiatives
- 8.6.5. VOLUMETRIC MODULAR LTD
- 8.6.5.1. Company Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Application Benchmarking
- 8.6.5.4. Strategic Initiatives
- 8.6.6. Vision Volumetric
- 8.6.6.1. Company Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Application Benchmarking
- 8.6.6.4. Strategic Initiatives
- 8.6.7. H.A. Marks Construction Limited
- 8.6.7.1. Company Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Application Benchmarking
- 8.6.7.4. Strategic Initiatives
- 8.6.8. MPH Building Systems Ltd
- 8.6.8.1. Company Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Application Benchmarking
- 8.6.8.4. Strategic Initiatives
- 8.6.9. Enevate Homes Limited
- 8.6.9.1. Company Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Application Benchmarking
- 8.6.9.4. Strategic Initiatives